CONSOLIDATION Definition

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CONSOLIDATION is similar to refinancing, but there is no loan fee. It simplifies loan repayment by combining several types of federal education loans into one new loan. (In the case of Direct Loan consolidation, the interest rate may be lower than one or more of the underlying loans.).

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CONVERSION COSTS is Direct Labor + Manufacturing Overhead.

QUOTE is to name the price of an asset or service, e.g. stock price or investment.

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